Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.

The comparative balance sheet of Merrick Equipment Co. for December 31,20Y9 and 20Y8, is as follows: Dec. 31,20 Yec. 31,20Y8 Assets Cash Accounts receivable (net) Inventories Investments $235,37085,270240,7000$221,73079,630235,78091,350 Land 123,460 Equipment 265,570208,450 Accumulated depreciation-equipment Total assets $888,200(62,170)$780,730(56,210) Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable Common stock, $10 par \begin{tabular}{rr} $160,760 & $153,800 \\ 15,990 & 20,300 \\ 8,880 & 7,030 \\ 47,960 & 38,260 \\ 180,300 & 106,180 \\ 474,310 & 455,160 \\ \hline$888,200 & $780,730 \\ \hline \end{tabular} Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows: a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. c. The investments were sold for $106,880 cash. d. The common stock was issued for cash. e. There was a $55,840 credit to Retained Earnings for net income. f. There was a $36,690 debit to Retained Earnings for cash dividends declared. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20Y9 Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from (used for) investing activities: Net cash flow used for investing activities Cash flows from (used for) financing activities: Net cash flow from financing activities Cash balance, January 1, 20Y9 Cash balance, December 31, 20Y9